FY2017 Earnings Forecast for Welltower Inc. Issued By Jefferies Group (HCN)
Welltower Inc. (NYSE:HCN) – Analysts at Jefferies Group decreased their FY2017 EPS estimates for Welltower in a research note issued on Friday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $4.24 per share for the year, down from their previous estimate of $4.25. Jefferies Group also issued estimates for Welltower’s FY2018 earnings at $4.37 EPS and FY2019 earnings at $4.52 EPS.
Welltower (NYSE:HCN) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.54 EPS. COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/fy2017-earnings-forecast-for-welltower-inc-issued-by-jefferies-group-hcn/1605177.html.
A number of other equities analysts have also commented on the company. UBS AG lowered their price objective on Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday. Capital One Financial Corporation began coverage on Welltower in a research report on Monday, September 25th. They set an “equal weight” rating and a $74.00 target price for the company. BMO Capital Markets reiterated a “sell” rating and set a $68.00 target price on shares of Welltower in a research report on Friday, July 28th. Mizuho reissued a “neutral” rating on shares of Welltower in a report on Wednesday, June 28th. Finally, Bank of America Corporation lowered Welltower to a “neutral” rating and reduced their target price for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.93.
Welltower (HCN) opened at 69.48 on Monday. The firm has a market capitalization of $25.63 billion, a price-to-earnings ratio of 21.64 and a beta of 0.24. The firm has a 50 day moving average price of $72.40 and a 200-day moving average price of $72.61. Welltower has a 12 month low of $59.39 and a 12 month high of $78.17.
Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Welltower by 97.6% during the second quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 698 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Welltower by 7,385.0% in the second quarter. Harbour Capital Advisors LLC now owns 11,452 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 11,299 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Welltower in the first quarter worth $204,000. Appleton Partners Inc. MA acquired a new stake in Welltower in the second quarter worth $204,000. Finally, Miles Capital Inc. acquired a new stake in Welltower in the second quarter worth $205,000. Institutional investors own 85.90% of the company’s stock.
Welltower Company Profile
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.
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